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Based on information from California Regional Multiple Listing Service, Inc. as of February 25, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. To view the full disclaimer, please click here.
Multi-family Real Estate Listings and Houses for Sale in Eagle Rock, CA
Eagle Rock is a neighborhood of Los Angeles located in Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. Since Eagle Rock is in the city of Los Angeles, there is rent control, unless the building falls under one of the exceptions, which are listed under the definition of "Rental Unit" in LAMC 151.02.
Eagle Rock’s ethnically diverse population was 40,708 as of 2012. The estimated median household income in 2011 was $67,755 which is high for the city of Los Angeles, but about average for the county. It is also larger than the California median which was $57,287 in 2011.
Most of Eagle’s Rock’s businesses are small and independently owned and operated. Eagle Rock’s close proximity to Hollywood and the major motion picture studios makes it a favorite choice as a film location. Over the past decade Eagle Rock has experienced gentrification as young urban professionals have moved from nearby neighborhoods such as Los Feliz and Silver Lake. A core of counter-culture writers, artists and filmmakers has existed in Eagle Rock since the 1920s.
The city also enjoys being close to a variety of conveniences. The closest airport is Bob Hope Airport, which services almost 5 million passengers each year, and it is only 12 miles away. The hospitals nearby include Glendale Adventist Medical Center, Glendale Memorial Hospital, and York Glen Medical Clinic. Eagle Rock is the site of Occidental College, which is a private, co-educational liberal arts college with 2,123 full time enrolled students.
Eagle Rock was most recently named the second-hottest neighborhood in America in 2014 by Redfin. The short commute, easy access to a commuter rail line, affordable prices, highly ranked schools and scenic parks are make this a great neighborhood. Some of the attractions include Hill Drive, which is one of Eagle Rock's most beautiful streets. The neighborhood is home to many historic and architecturally significant homes, many done in the Craftsman, Georgian, Streamline Moderne, Art Deco and Mission Revival styles.
All of these features make Eagle Rock a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from: www.eaglerockchamberofcommerce.com, city-data.com and wikipedia
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